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Consumer debt gets bailout attention

Nov. 13, 2008
Treasury Secretary Henry Paulson said Wednesday that the government would broaden the reach of its $700 billion bailout plan to support non-bank financial institutions that provide consumer credit, such as credit cards and auto loans.
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Dodd says he'll try to shape auto bailout

Dodd says he'll try to shape auto bailout

WASHINGTON, Dec. 4 (UPI) -- U.S. Sen. Christopher Dodd, D-Conn., said he believes Congress may be able to fashion a bailout plan for U.S. automakers based on what he heard Thursday.

GAO: Bailout program needs more oversight

WASHINGTON, Dec. 2 (UPI) -- The federal government's $700 billion bailout program for the U.S. financial industry lacks sufficient oversight, congressional investigators said.
Bailout to get first official critique

Bailout to get first official critique

WASHINGTON, Dec. 2 (UPI) -- One of three oversight mechanisms for the $700 billion Emergency Economic Stability Act kicks into action in Washington Tuesday.

'Predatory' credit card lending targeted

WASHINGTON, Nov. 28 (UPI) -- Curbs on predatory credit card lending could be part of the deal for banks accepting low-rate U.S. Treasury loans to prop up their portfolios, analysts say.

Student advocates unhappy with bailout

WASHINGTON, Nov. 28 (UPI) -- Student advocacy groups warned U.S. Treasury Secretary Henry Paulson Jr. that a new program to support private student loans could hurt borrowers.
Fed to ease consumer credit

Fed to ease consumer credit

WASHINGTON, Nov. 25 (UPI) -- The U.S. Federal Reserve Board said Tuesday it would create a new program to help investors purchase credit card-, student- and auto-loan backed securities.
Paulson: No timetable on TARP funds

Paulson: No timetable on TARP funds

WASHINGTON, Nov. 25 (UPI) -- U.S. Treasury Secretary Henry Paulson said there's no timetable for asking Congress for access to the rest of the $700 billion emergency bailout package.
Paulson: No magic bullet for the economy

Paulson: No magic bullet for the economy

WASHINGTON, Nov. 25 (UPI) -- U.S. Treasury Secretary Henry Paulson said there's no magic bullet to fix the economy and it is naive to assume one piece of legislation could do so.

Bush hails Citigroup bailout

WASHINGTON, Nov. 24 (UPI) -- U.S. President George Bush Monday hailed the decision to shore up Citigroup as a "first step toward economic recovery."

Credit tightens on recession fears

NEW YORK, Nov. 21 (UPI) -- The U.S. recession has begun to squeeze credit markets, threatening to erase gains made by the government's massive bailout plan, data show.
Senate response to auto bailout cool

Senate response to auto bailout cool

WASHINGTON, Nov. 19 (UPI) -- Senate approval of a new bailout package for U.S. automakers appeared unlikely, even after Detroit's top executives personally pleaded for help, senators said.
Paulson cool to auto company help

Paulson cool to auto company help

WASHINGTON, Nov. 18 (UPI) -- U.S. Treasury Secretary Henry Paulson urged Congress to modify already-passed legislation to help the auto companies rather than expect him to buy stock.
Bernanke says credit is improving

Bernanke says credit is improving

WASHINGTON, Nov. 18 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke told members of Congress Tuesday the federal equity purchase plan has begun to take hold.
Paulson says recovery will take time

Paulson says recovery will take time

WASHINGTON, Nov. 18 (UPI) -- U.S. Treasury Secretary Henry Paulson Jr. told members of Congress Tuesday to look beyond Wall Street to find the effects of the financial bailout.
Kanjorski compares Paulson to Hoover

Kanjorski compares Paulson to Hoover

WASHINGTON, Nov. 18 (UPI) -- U.S. Rep. Paul Kanjorski, D-Pa., told Treasury Secretary Henry Paulson there is a "crisis of confidence" across the United States that demands action.
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President Obama awards the Presidential Medal of Freedom in Washington
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President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch